Is the 4/20 effect dead?
Much has been made of the effect National Marijuana day (aka 4/20) has on marijuana stock prices each year and past years do show a significant increase in most marijuana stock prices leading up to the day of celebration. However, this year seems to be bucking that trend.
As marijuana has become more mainstream in the US, far fewer stocks have shown any significant growth towards 4/20. Even the most touted expectations, such as the Grand Salami, have not panned out and have been heading down since at least the first of April rather than up. Unless you got in within the first couple of days of their selection as Grand Salami stock, you're probably losing money now.
There are only 6 trading days left till 4/20. So if you have been counting on that big profit by 4/20 this year...well, don't count on it.
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